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Hokkaido University Collection of Scholarly and Academic Papers >
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A probabilistic choice model based on Tsallis’ statistics
| Title: | A probabilistic choice model based on Tsallis’ statistics |
| Authors: | Takahashi, Taiki Browse this author →KAKEN DB |
| Keywords: | Neuroeconomics | | Econophysics | | Neurofinance | | risk | | Tsallis's statistics |
| Issue Date: | 1-Dec-2007 |
| Publisher: | Elsevier B.V. |
| Journal Title: | Physica A: Statistical Mechanics and its Applications |
| Volume: | 386 |
| Issue: | 1 |
| Start Page: | 335 |
| End Page: | 338 |
| Publisher DOI: | 10.1016/j.physa.2007.07.005 |
| Abstract: | Decision under risk and uncertainty (probabilistic choice) has been attracting attention in econophysics and neuroeconomics. This paper proposes a probabilistic choice model based on a mathematical equivalence of delay and uncertainty in decision-making, and the deformed algebra developed in the Tsallis' non-extensive thermodynamics. Furthermore, it is shown that this model can be utilized to quantify the degree of consistency in probabilistic choice in humans and animals. Future directions in the application of the model to studies in econophysics, neurofinance, neuroeconomics, and social physics are discussed. |
| Type: | article (author version) |
| URI: | http://hdl.handle.net/2115/51261 |
| Appears in Collections: | 文学院・文学研究院 (Graduate School of Humanities and Human Sciences / Faculty of Humanities and Human Sciences) > 雑誌発表論文等 (Peer-reviewed Journal Articles, etc)
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Submitter: 高橋 泰城
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